Comments on: How to Avoid Foreclosure

on 7/1/2008 Well written. I'm passing this on to a friend. *****

on 4/14/2008 (Just to finish what I was saying). This is why if you come to an agreement with someone of authority you will need to get it in writing or it will be like it never happened. They will tell you they can mail the agreement to you but try to get them to fax it.If you do get an agreement you can live with stick to it like glue and do everything that is required to you . Keep records of every payment made too sometimes they have a way of not being posted on time. Be prepared to call them after you have made a payment just to make sure they got it.Good luck and be consistant.I hope you all the best .Love Tina

on 4/14/2008 This story should be renamed how to have a foreclosure.She didn't say anything about Bankruptcy.
Filing Bankruptcy is how you stop Foreclosure. Bankruptcy is a wonderful thing it gives you the oppotunity to regroup and add your arrears to the Bankruptcy. This allows you to keep your house, car and almost everything that is important to you. You could also ask the lender to put the due payments on the back of the loan too. Get every agreement in writing because every time you call you lender you will more than likely talk to someone different everytime .Keep track of who you talk to ,when you talked to them ,and what you talked about.trust me you will have to repeat yourself everytime. This is why if you come to an agreement with someone of authority you will need to get it in writing or it will be like it never happened. They will tell you they cn mail the agreement to you but try to g

on 4/14/2008 This story should be renamed how to have a foreclosure.She didn't say anything about Bankruptcy.
Filing Bankruptcy is how you stop Foreclosure. Bankruptcy is a wonderful thing it gives you the oppotunity to regroup and add your arrears to the Bankruptcy. This allows you to keep your house, car and almost everything that is important to you. You could also ask the lender to put the due payments on the back of the loan too. Get every agreement in writing because every time you call you lender you will more than likely talk to someone different everytime .Keep track of who you talk to ,when you talked to them ,and what you talked about.trust me you will have to repeat yourself everytime. This is why if you come to an agreement with someone of authority you will need to get it in writing or it will be like it never happened. They will tell you they cn mail the agreement to you but try to g

on 4/14/2008 Once the lender files a Notice of Default,the home owner still has from 6 months to 2 years before they are forced to leave the property.....the way they know they MUST GO is when the home sales via a sheriff's sale...by law they have 30 days AFTER the sheriff's sale....I know that is shocking news but it is true........but up until that time the lender will file all kinds of documents all of which are intended to scare you.
***again*** you have 30 days AFTER the sheriff's sale to get out.

on 4/14/2008 Once the lender files a Notice of Default,the home owner still has from 6 months to 2 years before they are forced to leave the property.....the way they know they MUST GO is when the home sales via a sheriff's sale...by law they have 30 days AFTER the sheriff's sale....I know that is shocking news but it is true........but up until that time the lender will file all kinds of documents all of which are intended to scare you.
***again*** you have 30 days AFTER the sheriff's sale to get out.

on 4/14/2008 Once the lender files a Notice of Default,the home owner still has from 6 months to 2 years before they are forced to leave the property.....the way they know they MUST GO is when the home sales via a sheriff's sale...by law they have 30 days AFTER the sheriff's sale....I know that is shocking news but it is true........but up until that time the lender will file all kinds of documents all of which are intended to scare you.
***again*** you have 30 days AFTER the sheriff's sale to get out.

on 4/14/2008 What about filing bankruptcy, will that stop the lender from taking your home?

on 4/14/2008 What about filing bankruptcy, will this protect from a lender taking your home?

on 4/14/2008 CiTi Residential will not work with you they told me that until I defaulted there was nothing they would do. Surely there is something that we who are trying to hold on to our homes at the rate of foreclosures can do. This amounts to false advertising, extortion, bait and switch, fraud. If I sold you something and told you if something goes wrong bring it back and you did exactly that and I then say well there is nothing I will do until you "break" it and then come back. What do you imagine I would say to you then? Something very wrong with that picture - where is the justice I feel I was taken advantage of.

on 4/14/2008 Most people in this situation already know that most lenders will not work with them.

on 4/14/2008 Great information for homeowners looking for the basics on avoiding forclosure.

on 4/14/2008 Great information for homeowners looking for the basics on avoiding forclosure.

on 4/14/2008 You overlooked a very important alternative and resource: 1-888-995-HOPE. This is a free national mortgage assist hotline that provides phone counseling. If your situation is more difficult than what can be handled over the phone, you will be referred to the closest non-profit mortgage counselor in your area. Again, the service is free. Thousands of homes that would have been lost to foreclosure have been preserved. Too many times lenders are not open to talking with a borrower falling into default, but they tend to cooperate when they know that the borrower is working with a counselor.

on 4/14/2008 Basically good information, but as a real estate attorney I find that few or no real agents can get the attention of a lender to consider a short sale. Call a lawyer early in this process to properly analyze what your mortgage contract actually says and try to help you out of an otherwise impossible situation. Once the foreclosure filing has taken place, we can help extend your time in the house and petition the court to pressure the lender to accept a short sale and limit liability on the owner's part that can sometimes result in additional liens that the short sale, foreclosure or penalties produced.